Sale Of Corporate Debtor's Assets Can't Be Allowed At Reserve Price Reduced Beyond 25% As It Violates Liquidation Regulations: NCLT Bengaluru

The NCLT, Bengaluru, has ruled that the "sale of a corporate debtor's assets cannot be allowed at a reserve price reduced beyond 25%" as it violates liquidation regulations. The tribunal's decision clarifies a key procedural aspect of the IBC. The ruling reinforces the principle that a liquidator must follow all regulations.